Where Do I Start with Choosing a Medicare Supplement Insurance Plan in Nevada?
When you’re looking to close some of the “gaps” of what is not covered by Medicare Parts A and B, you may want to consider a Medicare Supplement Insurance plan in Nevada. A Medicare Supplement Insurance plan is also sometimes called Medigap and can help to cover medical expenses such as copayments, coinsurance and deductibles which are not covered by Medicare Parts A and B. Nevada residents can find a Medigap policy from private insurance companies throughout Nevada.
In 2022, Nevada residents have many Medigap or Medicare Supplement Insurance plans from which to choose. These include basic benefits in Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer to newly eligible Medicare recipients but enrollees have been grandfathered into these plans.
As of 2020, Medicare Supplement plans will no longer sell Medigap Plans C or F to newly eligible Medicare members. Congress has decided that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This will only affect Medicare Supplement Plans C and F as these are the only Medigap plans that cover the Part B deductible. Anyone enrolled in a Medigap Plan C or F as of December 31, 2019, will be grandfathered and will be able to continue to use their plan as long as they want.
Nevada residents looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what Medigap plan to consider.
Which Medicare Supplement Insurance Plans in Nevada Are the Most Popular?
The government-approved Medicare Supplement Insurance plans protect residents in most states, including Nevada. Throughout the state of Nevada, the insurance companies that sell Medigap plans offer the same basic benefits, however the Medicare Supplement Insurance plans may cost different prices depending upon where you live and the carrier. Each insurer in Nevada may not offer each of the available Medigap plans.
As reported by AHIP, 99,256 Nevada beneficiaries enrolled in a Medigap policy in 2019. Below is the breakdown of the number of Nevada enrollees by Medigap plan type.
Source: AHIP. Reflects data through December, 2019.
Source: AHIP. Reflects data through December, 2019.
While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that your Nevada Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to cover prescription drug costs or consider a Medicare Advantage plan, which typically covers prescription drugs and includes other benefits such as dental, vision, which typically covers prescription drugs and may also include other benefits, such as dental, vision, hearing and gym memberships.
Learn more about your Medicare Supplement Insurance plan options in Nevada by working with a SelectQuote licensed sales agent. Acting as your advocate, our licensed sales agents can guide you through the Medicare maze to better understand Medigap plan options and answer any questions you may have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare plans in Nevada.
Residents of Nevada cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap plan can also not be used to pay for any expenses for a Medicare Advantage plan.
When is the Nevada Medicare Supplement Plan Enrollment Period?
Initial enrollment timeframes are very important. Enrollment for Nevada Medicare Supplement Insurance plans begins the first day of the month you turn at least 65 years old. You also must be enrolled in both Medicare Parts A and B in order to enroll in a Medigap plan.
Nevada residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. Nevada residents under the age of 65 can check with the Social Security Administration office for additional enrollment periods.
The best time to enroll in a Medicare Supplement Insurance plan is during the initial 6 months are you eligible for Medicare. You might be surprised to hear that enrollment can begin as early as 64 and 6 months. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. If you apply for Medicare Supplement Insurance outside of this timeframe, Nevada residents are subject to a physical exam. If you apply for Medigap coverage after the first months of eligibility, a company can refuse to sell you a plan or premiums may also adjust depending on current health status and pre-existing health conditions.
Is a Nevada Medicare Supplement Insurance Plan Right for You?
As an independent third-party company specializing in helping consumers understand their Medicare options, SelectQuote is here to help you through the Medicare maze. Our trained licensed sales agents can see if you’re receiving all the available Medicare benefits you deserve and also help you stay current with annual updates to Medicare plans made by insurance companies. As a trusted specialist in Medicare insurance, SelectQuote is here to help you find the right Nevada Medicare Supplement Insurance plan for your needs.
To ensure you are getting all the benefits you are entitled to receive, call or complete your online form today. Let SelectQuote’s personal licensed sales agents simplify the Medicare maze by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.